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Nicholson, VIC 3882

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Nicholson, VIC 3882 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

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Rent 

2BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Nicholson, VIC 3882”

  1. The total adult population (15 years or older) of Nicholson 3882 VIC is 1,089, with a median age of 47. Of those, 52.53% are married, 13.96% are divorced or separated, 27.55% are single and 5.88% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,628. The median monthly mortgage repayment for households in this suburb is $1,733 which is 26.15% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Nicholson, located within Victoria’s charming postcode 3882, plays host to around 812 households. Reflecting on data as recent as the third quarter of 2023, the typical housing prices in this appealing locale hover around $753,282. These properties command a median weekly rent of $396, which culminates in a promising indicative yield of 2.73%.

    Nicholson’s socio-economic score stands commendably at 953 out of an attainable 1,217, suggesting a respectable level of economic resources, skilled professions, and above-average income levels amongst its residents. The remarkable lifestyle and stability offered in this suburb is further exemplified by a prominently low renter to owner ratio of 8%. Such an appealing figure signifies an investment-friendly environment with a reduced risk of oversaturation by rental properties or fierce competition amongst investors.

    In relation to the units to houses ratio, Nicholson continues to impress, reporting a mere 6%. This statistic demonstrates a predominantly house-centric market and underscores the suburb’s allure for families – individuals likely to hold longer tenancies. Hence, property owners may anticipate a reduced competition for tenants, enabling the maintenance of higher rental yields and safeguarding the property market from risks associated with potential oversupply of units.

    However, Nicholson’s affordability index casts a bit of a shadow on its other glowing statistics, with an estimated 44 years required to wholly own a property in this suburb. Yet, experienced property investors know that it’s not uncommon to find a mix of metrics in each property market, and hence might not be drastically deterred.

    Supply and demand metrics further enhance Nicholson’s attractiveness as a potential investment location. With a stock on market Percentage at a favourable 0.4% and an inventory level of only 3.0 months, Nicholson’s property market demonstrates an impressive ability to absorb new listings quickly.

    The absence of any new building approvals signifies a stable housing supply, which can potentially contribute to property value appreciation in the long term. The average listing remains on the market for a reasonable 57 days, which may represent a balanced market. Nicholson’s vacancy rate, a combined metric for houses and units, stands at 1.64%, indicating a reasonably high demand within this desirable suburb.

    Finally, the buy search index for houses reads at a neutral 5, suggesting that online consumer demand aligns neatly with the state or city average.

    While analysis of Nicholson’s real estate data presents a persuasive case for investment, it’s crucial for investors to continually monitor the market and consider a range of factors before making investments. With HtAG Analytics’ automated Relative Composite Score metric on your side, understanding and navigating the nuances of an ever-evolving property market has never been easier.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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